PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) marketed by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to IDR 13,360 per kilogram on Friday, June 13, 2025. This marks a 1.02% increase—or IDR 135/kg—compared to the previous day’s price of IDR 13,225/kg on Thursday (June 12).
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price Franco Belawan & Dumai was set at IDR 13,360/kg. The CPO price Franco Teluk Bayur was set at IDR 13,230/kg, while the FOB Talang Duku price was set at IDR 13,160/kg.
Meanwhile, Reuters reported that CPO futures on the Malaysian exchange also closed higher on Friday, supported by a sharp rally in crude oil prices and gains in rival vegetable oils traded on the Dalian and Chicago exchanges. However, the increase was not enough to prevent the market from posting its first weekly loss in five weeks.
Also Read: KPBN Inacom and Bursa Malaysia CPO Prices Rise Slightly Driven by Bargain Buying, Thursday (12/6)
The benchmark CPO futures contract for August 2025 delivery on the Bursa Malaysia Derivatives Exchange rose by RM76 per metric ton, or approximately 1.98%, reaching RM3,915 per ton during the midday break. Despite Friday’s rebound, the contract recorded a marginal weekly loss of 0.05%.
A Kuala Lumpur-based trader attributed the day’s price surge to geopolitical tensions following Israel’s reported attack on Iran, which shook global markets and pushed crude oil prices sharply higher.
Global crude oil prices jumped more than 9% on Friday, reaching their highest level in nearly five months. The spike was driven by escalating tensions in the Middle East, sparking fears of potential disruptions in global oil supply.
The sharp rise in crude oil prices also bolstered sentiment in the palm oil market, enhancing its appeal as a cost-effective feedstock for biodiesel production.
Other edible oils followed a similar trend. The most active soybean oil contract in Dalian rose by 1.4%, while Dalian palm oil futures surged by 2.12%. On the Chicago Board of Trade (CBOT), soybean oil futures climbed by 1.43%.
KPBN Tender Results (Prices in IDR/kg, excluding VAT) – Friday, June 13, 2025:
CPO:
- Franco Belawan & Dumai: IDR 13,360 – MM, IBP
- Franco Teluk Bayur: IDR 13,230 – WIRA
- FOB Talang Duku: IDR 13,160 – MM
- Loco Parindu: IDR 13,010 – EUP
- FOB South Kalimantan: IDR 12,960 (Withdrawn); Highest bid: IDR 12,229 – WNI
CPKO:
- Franco Dumai: IDR 21,754 (Withdrawn); Highest bid: IDR 20,300 – IMT
- Loco Palembang: IDR 21,510 (Withdrawn); Highest bid: IDR 19,400 – IKIN
- Loco Lampung: IDR 21,680 (Withdrawn); Highest bid: IDR 18,000 – AMJP
(P2)